You can control those settings on *your system only* to a degree if you first
clear the "Make hidden markup visible when opening or saving" option in Office
button | Word Options | Trust Center | Trust Center Settings | Privacy Options,
and then change the desired options on the Review tab, but I would *not*
recommend it. The reason is that others, to which you may send the document,
will still see your markup (depending on the chosen settings for their system).
The only safe way to hide markup is to accept (or reject) it and then turn off
Track Changes.